FRA:2CW Income Statement

Financials in millions CAD. Fiscal year is January - December.

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	3,183	2,663	2,491	3,039	2,544	1,614
Revenue Growth (YoY)	28.20%	6.91%	-18.03%	19.47%	57.62%	20.96%
Cost of Revenue	2,671	2,238	2,088	2,632	2,154	1,358
Gross Profit	511.76	424.96	403.06	407.4	389.21	255.94
Selling, General & Admin	247.7	229.38	206.78	205.74	164.21	113.27
Operating Expenses	346.59	306.62	274.88	272.61	219.28	157.92
Operating Income	165.17	118.34	128.18	134.79	169.94	98.01
Interest Expense	-79.57	-55.75	-40.67	-38.04	-27.2	-15.89
Interest & Investment Income	4.47	2.14	0.27	0.57	0.21	0.3
Other Non Operating Income (Expenses)	-	-	-	-	-0.08	-
EBT Excluding Unusual Items	90.07	64.73	87.78	97.33	142.87	82.43
Merger & Restructuring Charges	-0.99	-3.34	-	-	-6.19	-0.62
Asset Writedown	-0.17	-0.17	-0.34	1.39	1.79	0.23
Pretax Income	88.91	61.22	87.44	98.72	138.46	82.04
Income Tax Expense	11.34	7.03	11.65	19.98	31.96	22.45
Net Income	77.56	54.19	75.79	78.74	106.51	59.59
Net Income to Common	77.56	54.19	75.79	78.74	106.51	59.59
Net Income Growth	37.41%	-28.50%	-3.75%	-26.07%	78.75%	246.05%
Shares Outstanding (Basic)	87	87	87	87	84	78
Shares Outstanding (Diluted)	87	87	87	87	84	78
Shares Change (YoY)	0.34%	0.20%	0.17%	3.92%	7.29%	0.28%
EPS (Basic)	0.89	0.62	0.87	0.91	1.27	0.77
EPS (Diluted)	0.89	0.62	0.87	0.91	1.27	0.77
EPS Growth	36.94%	-28.64%	-3.91%	-28.64%	65.98%	247.79%
Free Cash Flow	113.97	93.26	120.89	215.41	42.43	161.48
Free Cash Flow Per Share	1.30	1.07	1.39	2.48	0.51	2.07
Dividend Per Share	0.560	0.560	0.560	0.560	0.500	0.520
Dividend Growth	-	-	-	12.00%	-3.85%	-7.14%
Gross Margin	16.08%	15.96%	16.18%	13.41%	15.30%	15.86%
Operating Margin	5.19%	4.44%	5.15%	4.44%	6.68%	6.07%
Profit Margin	2.44%	2.04%	3.04%	2.59%	4.19%	3.69%
Free Cash Flow Margin	3.58%	3.50%	4.85%	7.09%	1.67%	10.01%
EBITDA	217.22	169.97	172.57	178.95	203.16	120.66
EBITDA Margin	6.82%	6.38%	6.93%	5.89%	7.99%	7.48%
D&A For EBITDA	52.05	51.64	44.39	44.16	33.22	22.65
EBIT	165.17	118.34	128.18	134.79	169.94	98.01
EBIT Margin	5.19%	4.44%	5.15%	4.44%	6.68%	6.07%
Effective Tax Rate	12.76%	11.48%	13.33%	20.24%	23.08%	27.37%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.